Comprehensive Guide to Material Handling Equipment Financing
Top 7 Types of Financing Available from Liberty Capital.
- Equipment Lease
- Description: Allows businesses to use equipment for a specific period while making regular payments. At the end of the lease term, the business may have the option to purchase the equipment, renew the lease, or return the equipment.
- Benefits: Lower initial costs, potential tax advantages, flexibility in terms.
- Equipment Financing Agreement (EFA)
- Description: A financing arrangement where the borrower owns the equipment but repays the lender over time.
- Benefits: Ownership of the equipment, potential tax benefits, fixed payments.
- Line of Credit
- Description: Provides access to a set amount of money that a business can draw from as needed and repay either immediately or over time.
- Benefits: Flexibility in funding, only pay interest on the amount used, revolving credit.
- Term Loans
- Description: A lump sum of money borrowed from a lender, repaid with interest over a fixed period.
- Benefits: Fixed interest rates, predictable monthly payments, useful for larger purchases.
- SBA Loans
- Description: Loans partially guaranteed by the Small Business Administration, designed to help small businesses get the funding they need.
- Benefits: Lower down payments, longer repayment terms, lower interest rates.
- Merchant Cash Advance (MCA)
- Description: A financing option where a business receives a lump sum payment in exchange for a percentage of future credit card sales.
- Benefits: Fast approval process, flexible payment terms tied to sales, useful for businesses with fluctuating income.
- Commercial Loan
- Purpose:General-purpose loan for business expenses, often used for real estate, equipment, or expansions.
- Features:Can be secured or unsecured, with varying terms and interest rates depending on the lender and business creditworthiness. Long-term low-rate loans.
- Benefits:Larger loan amounts with potentially lower interest rates for qualified businesses. Have tight Loan-to-value is in place unlike the other loans that don’t consider collateral.
Benefits and Features of Financing with Liberty Capital
- Simple Online Application: Streamlined process to apply for financing.
- Flexible Terms: Up to 5 years financing for new or used material handling equipment.
- Support for Startups and Established Companies: Options available for businesses at all stages, even with sub-prime credit.
- Low Down Payment Options: Available for well-qualified clients to reduce initial costs.
- Skip Payments and Deferred Payment Options: Skip payments and no payment for up to 6 months to ease cash flow.
By choosing Liberty Capital for your material handling equipment financing, you can benefit from tailored financing solutions that help you acquire essential equipment while conserving working capital and maintaining operational flexibility.
What is Material Handling Equipment?
Material handling equipment encompasses a broad range of tools, commercial trucks, appliances, and storage units used to transport, store, control, and protect materials, goods, and products throughout the process of manufacturing, distribution, consumption, and disposal.
Top 10 Material Handling Equipment and Their Brands/Manufacturers
- Boom Lift and Forklifts
- Brands/Manufacturers: Toyota, Hyster, Caterpillar, Komatsu
- Pallet Jacks
- Brands/Manufacturers: Crown, Raymond, Yale
- Conveyor Systems
- Brands/Manufacturers: Dematic, FlexLink, Dorner
- Automated Guided Vehicles (AGVs)
- Brands/Manufacturers: KUKA, Daifuku, Seegrid
- Cranes
- Brands/Manufacturers: Konecranes, Liebherr, Terex
- Shelving and Racking Systems
- Brands/Manufacturers: Mecalux, SSI SCHAEFER, Interlake Mecalux
- Hoists
- Brands/Manufacturers: Harrington, Yale, CM (Columbus McKinnon)
- Stackers
- Brands/Manufacturers: Jungheinrich, Crown, Big Joe
- Mezzanines
- Brands/Manufacturers: Cubic Designs, Wildeck, Panel Built
- Dock Equipment
- Brands/Manufacturers: Rite-Hite, Kelley, Bluff Manufacturing
Benefits and Features of Financing with Liberty Capital
- Simple Online Application: Streamlined process to apply for financing.
- Flexible Terms: Up to 5 years financing for new or used material handling equipment.
- Support for Startups and Established Companies: Options available for businesses at all stages, even with sub-prime credit.
- Low Down Payment Options: Available for well-qualified clients to reduce initial costs.
- Skip Payments and Deferred Payment Options: Skip payments and no payment for up to 6 months to ease cash flow.
By choosing Liberty Capital for your material handling equipment financing, you can benefit from tailored financing solutions that help you acquire essential equipment while conserving working capital and maintaining operational flexibility.
Credit Requirements for Start up Financing:
For startup waste management companies, we require:
- Business license or active business entity registration.
- Personal guarantees from all owners.
- Minimum 625 credit score.
- No bankruptcies in the last 7 years.
- No unresolved tax liens.
Financing Options:
We offer various financing options tailored to your needs:
- Equipment Financing: Spread the cost over time with fixed payment terms.
- Equipment Leasing: Lease off-balance sheet financing options like Fair Market Value (FMV) leases to maximize tax benefits.
Special Financing programs – some starts up migth not qualify for certain programs like No down Payment.
Ø $0 Down for qualified lessee
Ø 1 Advance Payment
Ø 90-day deferred payment
Ø $1 buyout, no prepayment penalty
Ø Monthly payment up to 5 years
Ø Equipment finance Agreement
Ø Low Admin and doc fee
Ø $99 for first 6 months
Are you an Equipment Vendor??
If you sell new or used trucks, trailers or machinery including medical equipment, we’d love to partner with you to offer highest approval rate for your clients. Our goal is to get them approved no matter what their credit profile might be. Working with Liberty Capital will give you a wider credit window so you can stop shopping for your clients. We do soft-inquiry for each applicant.
- Check out how you can grow your vendor business using our financing options. View our credit guidelines
- Download our equipment vendor package
All we need from your clients is a simple application.
- ONLINE APPLICATION:You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
- Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
- Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Where can I apply?
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
2. Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
3. Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Application Only Financing up to $250,000
When it comes to equipment financing, Liberty Capital Group, Inc. offers several advantages over traditional lenders:
- Corp-Only Availability: We cater exclusively to corporations, providing tailored financing solutions for businesses. Corp-only doesn’t apply to start ups. Corp-only doesn’t substitute for having bad credit. Corp-only doesn’t automatically apply because your company is corporation or LLC.
- Up to 120% Equipment Cost Coverage: Our financing options can cover not only the equipment cost but also associated soft costs.
- Flexible Funding Amounts:Access financing ranging from $250,000 with a simple one-page application to $5,000,000 with full financial statements.
- Quick Approval Process: Benefit from next day funding approval, ensuring minimal downtime for your operations.
- Approved Equipment Vendors:We work with approved packaging equipment vendors, streamlining the acquisition process for our clients.
- Lowest Industry Rates: Enjoy competitive rates for qualified borrowers, reducing the overall cost of financing.
- Eligibility for New and Used Equipment Financing: Whether you’re purchasing new or used equipment, we’ve got you covered.
- Minimal Impact on Personal Credit: Our equipment financing solutions do not appear on personal credit reports, preserving your personal credit history.
- No Early Payoff Penalties: Enjoy the flexibility of paying off your equipment financing or leasing early without incurring early payoff penalties.
Covers many types of equipment we can finance.
Easier to get than a traditional business loan
Less paperwork
Fast processing time
Less stringent requirements for qualifying
No collateral needed, the equipment is the collateral
May require less credit score for you and your business as well
Bank Hopping for Equipment Financing: Why It's Time-Consuming and How Liberty Capital Can Help.
Bank Hopping for the right lender can be costly.
Searching for the right equipment lender especially if you’ve already been turned down by your bank, by hopping from one bank to another just trying to figure out whether they will approval you can be a time-consuming and frustrating process, especially if you have challenging credit. Each application involves time-consuming paperwork and potential rejections. If you get turned down, how many more lenders will you apply to before seeking better options from a loan broker?
Special Financing programs
Ø $0 Down for qualified lessee
Ø 1 Advance Payment
Ø 90-day deferred payment
Ø $1 buyout, no prepayment penalty
Ø Monthly payment up to 5 years
Ø Equipment finance Agreement
Ø Low Admin and doc fee
Ø $99 for first 6 months
Working with an equipment loan broker like Liberty Capital can streamline the process, saving you both time and money. Brokers have access to multiple lenders that can structure any credit profile specific to you, even if your credit is less than perfect. With their expertise and network, brokers can navigate the complexities of loan applications and increase your chances of approval. You may not know all the intricacies of equipment financing thus a loan broker will be able to help you navigate.
So why go through the hassle of bank hopping when Liberty Capital can do the work for you, ensuring you get the best possible deal?
Financing Benefits and Features
- Simple Online Application: Streamlined process to apply for financing.
- Flexible Terms: Up to 5 years financing for new or used material handling equipment.
- Support for Startups and Established Companies: Options available for businesses at all stages, even with sub-prime credit.
- Low Down Payment Options: Available for well-qualified clients to reduce initial costs.
- Skip Payments and Deferred Payment Options: Skip payments and no payment for up to 6 months to ease cash flow.
By choosing Liberty Capital for your material handling equipment financing, you can benefit from tailored financing solutions that help you acquire essential equipment while conserving working capital and maintaining operational flexibility.
Are you an Equipment Vendor??
If you sell new or used trucks, trailers or machinery including medical equipment, we’d love to partner with you to offer highest approval rate for your clients. Our goal is to get them approved no matter what their credit profile might be. Working with Liberty Capital will give you a wider credit window so you can stop shopping for your clients. We do soft-inquiry for each applicant.
- Check out how you can grow your vendor business using our financing options. View our credit guidelines
- Download our equipment vendor package
All we need from your clients is a simple application.
- ONLINE APPLICATION:You can fill out our application, upload and authorized us to process your application. We do soft-inquiry, and our lender will do hard inquiries once you are approved for Equipment Financing only.
- Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you. We’ll accept bill-of-sale for some private sale.
- Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially in material handing equipment financing, predominantly involve personal interaction with an underwriter to ensure as fraud prevention. Automation may not suffice, particularly when dealing with a third party like the vendor and the complexities of equipment purchase. In such scenarios, business owners are often better served by collaborating with a Business Loans Broker like Liberty Capital Group, Inc., who can steer them in the right direction.
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